If you love to entertain your friends and extended family, then you need to find the perfect home that gives you space for everyone to move about and enjoy numerous activities. If you are planning specifically to find a home to buy or rent for entertaining, then you will want to find one with specific details. Presented by Semira Mundt of Edina Realty, here are some tips for what to look for in your perfect home.
Your starter lake home: How to save money on your first waterfront property Key insights: If you want to be near the lake but don’t need to be on the waterfront, a lake access home could be a viable — and cheaper — option. Broadening your criteria may help you find more affordable listings. In … Read more
How to finance a second home Whether you are purchasing a vacation home in a warmer climate or buying a lakeshore home in northern Minnesota, you’ll follow the same basic steps when it comes to financing a second home. Here are insights you can use as you purchase a second property. 1. Budgeting for a … Read more
February 2022 Market Insights Individual circumstances are more important than current mortgage rates Key insights from January 2022 (compared to January 2021)* New listings: 3,605 | -11.5% Median sales price: $332,500 | +10.4% Closed sales: 3,020 | -10.4% Pending sales: 3,170 | -11.7% Days on market: 41 | -2.4% Inventory: 4,221 | -24.2% Months’ supply: 0.8 | -20.0% Pricing, pace of sales … Read more
9 Things to Know Before You Refinance Your Mortgage Individual circumstances are more important than current mortgage rates By MICHELE LERNER Updated May 31, 2021 Reviewed by LEA D. URADU Fact checked by KIRSTEN ROHRS SCHMITT Table of Contents 1. Know Your Home’s Equity 2. Know Your Credit Score 3. Know Your Debt-to-Income Ratio 4. … Read more
October 2021 Market Insights Key insights from September 2021 (compared to September 2020)* New listings: 7,238 | -8.6% Median sales price: $341,750 | +10.2% Closed sales: 6,304 | -5.9% Pending sales: 5,590 | -14.4% Days on market: 23 | -37.8% Inventory: 8,306 | -15.6% Months’ supply: 1.5 | -21.1% September market remains historically hot as metrics continue slow swing toward balance The … Read more
Understanding Your Credit Score How is your Score Determined? Payment History 35% of your credit score is determined by your payment history. Simply, if you make your debt payments on time, your credit score may be on the rise. Late debt payments are reported to the credit agencies and can damage your credit. Amounts Owed 30% … Read more